2500 Central AveAlbuquerque, NM 87104

Property Details for 2500 Central Ave

Year built

1958

Lot size

0.39 AC

Property size (Sq ft)

12,000 SF

Property type

Office buildings

APN

1-016-057-119-287-3-29-15

APU

101605711928732915

Description

This exceptional 1,840-square-foot retail space, located at 2500 Central Ave SW in Albuquerque, New Mexico, presents a unique opportunity for medical or spa businesses. Situated in Bernalillo County, zip code 87104, this single-tenant space is ideally positioned within a vibrant and high-traffic area. The property boasts convenient access to Central Avenue and Rio Grande Boulevard, with a combined daily vehicle count exceeding 56,000. Its prime location offers excellent visibility and accessibility, being directly across from the Albuquerque Botanical Garden and Aquarium. Further enhancing its appeal, the property benefits from its proximity to an ABQ Rapid Transit stop, ensuring easy public transportation access. The building features two shared ADA-compliant restrooms. This space is part of a larger complex including 32 fully leased apartments, 42 adjacent motel rooms, and a new hostel, creating a bustling and diverse community. The property is zoned MX-M and is already plumbed, making it move-in ready for the right tenant. Nearby amenities include the popular Momo Cocktail Lounge and Ponderosa Tap Room, adding to the area's lively atmosphere. This is a rare opportunity to establish a thriving business in a high-demand location with significant foot and vehicle traffic. The space is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,734,151

  6.5%

  $1,600,754

  7%

  $1,486,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,034,002

  Geo Method

  $991,440

• Alternative Use

  Use

  Valuation

  Residential

  $1,984,935

  Hospitality

  $1,818,190

  Educational

  $1,512,713

  Medical

  $1,564,737

  Retail

  $2,353,109

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0806

Longitude

-106.618

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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